1. Which of the following statements regarding independent contractors and employees is true?
A) Employees must pay unemployment taxes.
B) Independent contractors pay Social Security and Medicare tax of 15.3%.
C) Independent contractors and employees pay the same Social Security and Medicare tax rates.
D) Independent contractors deduct their business expenses "from AGI."
2. An example of a horizontal manager would be
A) yahoo buying ford
B) ford buying Yahoo
C) Ford buying nike
D) Goodyear buying ford
E) Ford buying GM